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Major game magazine publisher Future to cut websites, 170 staff
Major game magazine publisher Future to cut websites, 170 staff
May 29, 2014 | By Christian Nutt




As part of a major restructuring effort, the publisher of Edge, PC Gamer, and GamesRadar aims to cut staff, sell off magazines, and consolidate its editorial teams.

MCV reports that the UK magazine publisher -- best known for properties such as Edge and GamesRadar -- will be shuttering many of its game-focused websites as it aims to streamline its loss-making business.

Future has plans to close CVG, Edge Online and the websites for Official PlayStation, Official Xbox, and Official Nintendo magazines, MCV reports.

The company recently laid off much of its print editorial staff in the U.S. as it consolidated its publishing efforts around its UK offices, with plans to repurpose UK content in the U.S. Now, Future is planning further cuts of over 170 staff in the UK, it has announced, as it consolidates offices. It has also announced a deal to sell off its crafts and sports magazines in an effort to double down on tech and games.

"The streamlining of our consumer strategy -- with an increased focus on the consumer technology market and a clear channel-neutral approach -- allows for a simplification and standardisation of our digital advertising platforms and opportunities," said CEO Zillah Byng-Maddick, in a statement alongside its financial results.

The company reported pre-tax losses of 30.6 million ($51.2 million) for the first half of its current fiscal year. Revenues were slightly up in the UK -- a 2 percent gain -- but down 14 percent in the U.S.

"Our revised business model is based on the virtuous circle of engagement in two core content areas: reviews (when consumers are looking to make product purchase decisions and where we can derive ecommerce revenues) and 'how to' opportunities (when consumers want to learn more and are prepared to pay us to help them do so, through tutorials, events etc)," Byng-Maddick said.


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Comments


Ron Dippold
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Ugh. Were the websites really that costly? Well I guess if they're not turning a profit, that's it. And a real shame about CVG - I have good memories of that like I do of the old Byte.

At least they're keeping Edge. That's one of the very few print monthlies left that's worth reading at all. I pay for a subscription when I don't even bother reading most of the rest even for free.

TC Weidner
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I used to love it back in the day when I would get game magazines in the mail. I would read every word from cover to cover at least twice, then the internet started and soon info was everywhere all the time and now with twitch and you tube I can just watch the games being played and make up my own mind...how things change..

Dave Hoskins
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Advertising in their magazine is prohibitively expensive. Thousands of pounds for a quarter page, no thanks.
I stopped reading their mags when the spelling, grammar and overall quality went down, it was as if the editor was a drunk teenager.

Jay N
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This is sad, but hardly surprising. Future never did manage to make the transition from print to digital properly, havng not a single site rivalling IGN or GameSpot or Eurogamer in its catalog. Real sad for the people affected, though.

Yannis Patras
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A little off-subject, but I personally cannot stand Eurogamer. I don't know why. Even if I do like its forum, the site itself hurts my eyes.

Jay N
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Oh, yes, I agree. The writing quality has really gone downhill, especially since they had a survey asking if they should continue their inane puns and one-liners, and a majority of respondents said "yes".

But they've got European news, and stuff like DigitalFoundry, which makes the site worthwhile even despite that, so it's nice enough.


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